MAIN ASPECTS OF INNOVATIVE PROCESSES IN AGRICULTURE OF AZERBAIJAN
Improving the sustainability and efficiency of production in the agriculture requires a transition to a qualitatively new innovative and investment socio-economic stage. Only in this way it will be possible to solve macroeconomic issues and achieve rapid economic development, production of high-quality and competitive local products, and food security of the country. Supporting sustainable agriculture requires particular attention to innovation and investment in research, technology and potential development. Innovation and investment are important tools for improving the standard of living and well-being of people, while ensuring social justice and equal access to opportunities in rural areas. In this regard, the paper discusses the issues of ensuring the innovative development of agriculture in Azerbaijan and the factors influencing it. Agricultural research and development by the public and private sectors has been cited as a key factor that can increase agricultural productivity. The paper is to evaluate the effectiveness of innovation processes, analyze the level of research and development expenditures in the agriculture of Azerbaijan and, on this basis, determine the possibilities for further activites. Innovative activity ensures the development and implementation of scientific and technological achievements, the release of competitive new products using modern equipment and technologies, and the achievement of maximum profit. They lead to creation of new requirements, cheaper products, attraction of investments, creation and conquest of new markets. Failure to use the existing agricultural potential at the proper level creates problems in providing the country's population with food. In this regard, the issues of applying innovations in agriculture are becoming more relevant every day.
Productivity, İnnovation, İnvestment, Agricultural Research and Development.